{"id":2837,"date":"2022-05-03T09:03:33","date_gmt":"2022-05-03T08:03:33","guid":{"rendered":"https:\/\/ltgplc.wpengine.com\/?p=2837"},"modified":"2022-05-03T09:03:33","modified_gmt":"2022-05-03T08:03:33","slug":"full-year-results-2021","status":"publish","type":"post","link":"https:\/\/ltgplc.com\/news\/full-year-results-2021\/","title":{"rendered":"Full Year Results 2021"},"content":{"rendered":"
Strong organic revenue growth View LTG\u2019s 2021 final results<\/a><\/p>\n Learning Technologies Group plc (“LTG” or the “Company”), a market leader in digital learning and talent management, announces full year results for the twelve months ended 31 December 2021.<\/p>\n \u00a3m unless otherwise stated<\/span><\/p>\n<\/td>\n 2021<\/span><\/p>\n<\/td>\n 2020<\/span><\/p>\n<\/td>\n Change<\/span><\/p>\n<\/td>\n<\/tr>\n \n<\/p><\/td>\n<\/tr>\n Revenue<\/span><\/p>\n<\/td>\n \u00a0258.2<\/span><\/p>\n<\/td>\n 132.3<\/span><\/p>\n<\/td>\n +95%<\/span><\/p>\n<\/td>\n<\/tr>\n Adjusted EBIT<\/span><\/p>\n<\/td>\n 54.8<\/span><\/p>\n<\/td>\n 40.3<\/span><\/p>\n<\/td>\n +36%<\/span><\/p>\n<\/td>\n<\/tr>\n Adjusted EBIT margin<\/span><\/p>\n<\/td>\n 21.2%<\/span><\/p>\n<\/td>\n 30.5%<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n<\/tr>\n Adjusted diluted EPS (pence)<\/span><\/p>\n<\/td>\n \u00a05.01<\/span><\/p>\n<\/td>\n 4.29<\/span><\/p>\n<\/td>\n +17%<\/span><\/p>\n<\/td>\n<\/tr>\n Proposed final dividend per share (pence)<\/span><\/p>\n<\/td>\n 0.7<\/span><\/p>\n<\/td>\n 0.5<\/span><\/p>\n<\/td>\n +40%<\/span><\/p>\n<\/td>\n<\/tr>\n Net debt\/(cash)<\/span><\/p>\n<\/td>\n 141.4<\/span><\/p>\n<\/td>\n (70.2)<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n<\/tr>\n \n<\/p><\/td>\n<\/tr>\n Statutory results<\/span><\/p>\n<\/td>\n<\/tr>\n Profit before tax<\/span><\/p>\n<\/td>\n 9.3<\/span><\/p>\n<\/td>\n 13.5<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n<\/tr>\n Basic EPS (pence)<\/span><\/p>\n<\/td>\n 1.96<\/span><\/p>\n<\/td>\n 2.45<\/span><\/p>\n<\/td>\n \n<\/p><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n “2021 was another exciting and successful year for LTG. Our strong organic revenue growth reflects the pressing and growing need for organisations to recruit, train, motivate and retain talent and LTG’s ability to meet these demands. We have also continued our track record of improving the operating model and performance of businesses we acquire.<\/em><\/p>\n Our transformational GP Strategies’ acquisition is progressing ahead of plan and enables us to upgrade our margin expectation for FY 2022. The enlarged Group provides a platform to capture a greater proportion of the circa $100 billion and growing addressable market in digital learning and talent management. Following the acquisition we have a deeper offering to serve a global customer base facing greater complexity and change, creating further margin enhancement and cross-sell opportunities for LTG.<\/em><\/p>\n While mindful of the current macro environment, strong business momentum has continued into the new financial year and we have a robust balance sheet that will support further software company acquisitions in due course, underpinning the Board’s confidence of significant progress in FY 2022.”<\/em><\/p><\/blockquote>\n LTG will host an analyst and investor webcast at 09.30 BST today, Tuesday 3 May 2022.<\/p>\n
\n<\/span><\/strong><\/em>Transformational GP Strategies acquisition progressing ahead of plan<\/span><\/strong><\/em><\/p>\nStrategic and operational highlights<\/h3>\n
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Financial highlights and summary<\/h3>\n
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Jonathan Satchell, Chief Executive of LTG, said:<\/h3>\n
Analyst and investor presentation:<\/h3>\n